UK regulator refers Getty-Shutterstock merger for an in-depth investigation

Core Viewpoint - The UK's competition watchdog is set to conduct a detailed investigation into the merger between Getty Images and Shutterstock due to concerns over competition and the remedies proposed by the companies [1] Group 1: Investigation Details - The investigation will focus on the potential impact of the merger on competition within the market for stock images [1] - The competition authority has expressed concerns that the merger could reduce competition and lead to higher prices for consumers [1] Group 2: Company Background - Getty Images is a U.S.-based company that provides stock images, while Shutterstock is a rival in the same industry [1] - Both companies have offered remedies to address competition concerns, but these have not satisfied the competition watchdog [1]